UPDATE - Discovery Lithium Confirms Multiple Surface Pegmatites at Eastern Quebec Property

Company encounters significant pegmatite occurrence at Lac Belanger claim block

VANCOUVER, British Columbia, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Discovery Lithium Inc. (CSE: DCLI) (OTC: DCLIF) (FRA: Q3Q0) (WKN: A3EFKA) (the “Company,” or “Discovery Lithium”), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery is pleased to announce the verification of lithium prospective surface pegmatites at its recently acquired Lac Belanger and Lac Ferland claims in Eastern Quebec.

An exploration crew, provided by Axium Exploration Group, was tasked to prospect, map, and sample the claims in an effort to verify potential pegmatite occurrences identified in a high-resolution satellite imagery study of the claim area. Of particular note, a substantial pegmatite outcrop was confirmed on the Lac Belanger claim block and was determined to contain quantities of tourmaline and beryl. These minerals are indicative of a high degree of fractionation, a sign that spodumene may be present in the pegmatite or other pegmatites in the immediate vicinity. Rock samples were collected over the length of the pegmatite as well as nearby pegmatite occurrences and rock units across both claim blocks which have been transported for analysis. See Figure 1.

Figure 1 - Discovery Lithium Large Pegmatite Outcrop, Lac Belanger, QC

“The verification of these potential pegmatites at our recently acquired Lac Belanger and Lac Ferland claims is an exciting development for the company,” said Michael Gheyle, President, and CEO of Discovery Lithium. “We made the decision to acquire these claims because of the potential that we felt the ground held in this underexplored area of Quebec and we look forward to the continuation of our exploration program as we move towards defining a drill program for 2024.”

Property Description

Lac Belanger and Lac Ferland Projects, St. Lawrence North Coast, Eastern Quebec
The Lac Belanger and Lac Ferland projects are on the north coast of the Gulf of St. Lawrence in Quebec and encompass 80 square kilometers combined. The claims are located on metasedimentary terrane near fractionated granites that are potential source intrusions for LCT pegmatites. Pegmatites are described in the region by the geological survey of Quebec and were mapped to the south along the coast where mapping occurred in detail. Lithium in lake sediments on the claims is up to 15 times enriched with respect to the immediate surroundings.